Telecity slumps as 2014 forecast fails to inspire February 12, 2014 BRITISH data centre operator Telecity has forecast weaker than expected revenue growth this year, sending its shares down more than 10 per cent to a two-year low. The company, which targets the top end of the market from prime city-centre locations, said yesterday that demand from sectors such as e-retail and video streaming services remained [...]
What the other papers say this morning – 12 February 2014 February 11, 2014 FINANCIAL TIMES Planners seek cash for fast ruling Westminster Council has sought permission from the Treasury to accept cash payments from property developers to speed up their planning applications and resolve backlogs in what could become a template across London. In a joint letter to George Osborne the leader of Westminster council, deputy London mayor [...]
London Report: Retail sales revival drives FTSE up to late January levels February 11, 2014 The UK’S top equity index rose for a fifth straight session yesterday, boosted by retailers which were up strongly on industry data that provided more evidence the economic recovery is slowly gathering momentum. The blue-chip FTSE 100 index closed up by 1.2 per cent, or 81.11 points, at 6,672.66 points – marking the index’s highest [...]
What the other papers say this morning – 11 February 2014 February 10, 2014 FINANCIAL TIMES Woodford puts name to new fund Neil Woodford, one of Britain’s most successful fund managers, will pin his own name to his asset management venture, according to Companies House filings. Woodford Investment Management has been set up at the same address at Oakley Capital, the firm Mr Woodford is joining in May after [...]
West Ham pen deal for sale of Upton Park site February 10, 2014 WEST Ham agreed to sell their Upton Park home to London-based developer Galliard Group yesterday, ahead of their move to the Olympic Stadium in 2016. Galliard intend to build new homes, retail and leisure facilities as well as a Bobby Moore memorial garden as a permanent tribute to their former defender who lifted the World [...]
Victoria set for £4bn investment as Armani and Jimmy Choo relocate February 10, 2014 Victoria is set for a £4bn investment over the next decade as developers cash in on companies following in Armani and Jimmy Choo's footsteps and relocating their headquarters to the area. London’s busy transport hub has undergone a major shift over the last ten years as government departments who were traditionally the biggest office-users in [...]
Shoppers from China and Gulf flock to London February 10, 2014 LONDON’S high-end retailers enjoyed a boom in spending by Chinese customers over the first weekend of February as tourists flocked to the capital for Chinese New Year, according to the latest figures from payments firm WorldPay. The company, which handles nearly half of all card transactions in the UK, recorded a 47.4 per cent increase [...]
Divide between north and south grows for stores February 9, 2014 A GROWING north-south divide has been laid bare by a new retail study that shows that seven of the 10 worst performing town centres are in the north west and north east of the UK. In contrast, six of the 10 best performing town centres – those with the least empty shops – are in [...]
Inside Track: Supermarket set to repair Russian reputation in London February 6, 2014 THERE’S been many a well-known company, from the likes of retailer Harvey Nichols to the property website Zoopla or even the restaurant website Just Eat, tipped to float on the reviving London new issues market, but it looks likely one of the first companies to make it across the line will be Lenta, which is [...]
Cat cure firm Circassia in biggest healthcare float for eight years February 6, 2014 A CURE for cat allergies could soon be hitting the market after its Oxford-based developers yesterday confirmed plans to raise £175m on the London stock market in the biggest healthcare float since 2006. Circassia, which is privately backed by firms like Invesco Perpetual and hedge fund Lansdowne Partners, said it will use the money to [...]